Business & Economy

Socialist Party president asks former finance minister and current independent to step in after 530 workers at Chile’s biggest vineyard demand wage adjustments.

Socialist Party (PS) head Osvaldo Andrade called on presidential candidate Andrés Velasco and the Labor Ministry to intervene in an ongoing strike in Chile’s biggest vineyard.
President emphasizes Chile’s growing consumer culture in a May 21 address that is heavy on content but light on detail.

Economic development was a core theme of Sebastián Piñera’s May 21 presidential address Tuesday. The president spoke for more than half an hour on the economy, emphasizing the creation of 800,000 jobs, a continued increase in foreign direct investment (FDI), and the average 5.8 percent growth in gross domestic product (GDP) the country has seen over the last three years.
 
Piñera acknowledges need to amplify sustainability of the country’s rapid development in his term’s last May 21 address.

While boasting of the highest growth rate among the world’s highly developed economies in his state address Tuesday, Chilean President Sebastián Piñera confronted looming concerns for the environmental quality of the country’s progress. Environmentalists, however, lamented that the president did not tackle fundamental ecological concerns.

 BalloonVenture partners business graduates and local entrepreneurs to aid impoverished communities in Chile and Kenya.

Sebastián Salinas Claro, 24, a recent business graduate of Chile’s Universidad Adolfo Ibañez, has masterminded a new business generation model that is both lucrative and has the potential to lift communities out of poverty.

The company building the controversial mall in the island city of Castro was ordered to pay after failing to halt construction.

Paseo Chiloé, the mall currently under construction in the capital city on the Chilean island of Chiloé, has long been a controversial building project. Some say it’s an eyesore. Others say the traffic it will create will cause environmental problems. Most complain it just doesn’t look like it fits in the tiny island city.

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